New City Health Center Approved for TIF Support
Mayor's Press Office 312.744.3334
The showroom floor of the former Goldblatt's department store in New City will be redeveloped into a health center and retail space through $5M in Tax Increment Financing (TIF) assistance approved by City Council today.
The $17.9M project, led by Celadon Partners LLC and Blackwood Development Partners LLC, will redevelop the ground floor of the building at 4700 S. Ashland Ave. into a 15,000-square-foot, Federally Qualified Health Center, which provides primary care services regardless of a patient’s ability to pay. An additional 7,200 square feet will be used as retail spaces for La Selva Apparel Company, Back of the Yards Coffee, Back of the Yards Barbershop, and Aracely's Bakery.
The INVEST South/West project also includes the construction of a 6,500-square-foot building at 1641 W. 47th St. that will be anchored by Somos Monos Cerveceria. In total, the project is expected to generate 40 permanent full-time jobs.
The project is part of the United Yards development, which will include affordable and supportive residences, commercial space, and a business hub on neighboring properties along 47th Street. Mayor Lightfoot and the development team broke ground on the project yesterday.